Interest U/s. 234A cannot be levied on Assessment considering return filed U/s. 139(1)

G. Narasiman Vs. ITO (ITAT Chennai)

Belated return filed under section 139(4) could not be revised under section 139(5). Therefore, revised return filed by assessee was invalid and to frame assessment by considering such return as return filed under section 139(1) was in conflict with charging interest under section 234A for delay in filing of return. Therefore, levy of interest under section 234A was deleted.

FULL TEXT OF THE ITAT ORDER IS AS FOLLOWS:-

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